Signing a US $ 500,000 grant agreement for the flood victims in Gambia

News and Press Release
Originally published
Press Release [No. COMU///01]

VALENCIA, 29 MAY 2001 - His Excellency Mr. Famara L. Jata, Gambia Secretary of State for Finance and Economic Affairs and Mr. Cyril Enweze, Vice-president, Operations of the African Development Bank Group (ADB) signed today a grant agreement of 500,000 US $ for emergency relief to flood victims in Gambia.

The objective of the emergency operation is to assist the flood-affected communities of the Gambia to cope with the flood damages incurred during the rainy season of 1999. It particularly seeks to rapidly rehabilitate the agriculture infrastructure as well as supply the agricultural inputs needed to produce food for the victims of the flood as well as provide safe drinking water. The project will involve urgent repairs of dykes and spillways in the lowlands of the worst affected areas. It will also involve the purchase of long floating rice seeds and other inputs as well as the rehabilitation of 35 and treatment of 116 wells.

Bank Group operations in Gambia started in 1971. To date, the Group has committed a total of US$ 195.26 million on 30 operations out of which about US$ 151.48 million have been disbursed.

* 1 UC= 1,26579 $ EU au 1/05/01

* 1UA = US$ 1.26579 as at May 1st, 2001

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